Patterson Companies Inc (PDCO)
Days of sales outstanding (DSO)
| Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | Apr 24, 2021 | Jan 23, 2021 | Oct 24, 2020 | Jul 25, 2020 | Apr 25, 2020 | Jan 25, 2020 | Oct 26, 2019 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 12.00 | 13.55 | 13.36 | 15.96 | 13.56 | 15.11 | 14.04 | 17.30 | 14.53 | 13.75 | 13.23 | 16.82 | 13.16 | 12.36 | 11.27 | 14.52 | 13.18 | 12.50 | 9.60 | 11.07 | |
| DSO | days | 30.41 | 26.93 | 27.32 | 22.88 | 26.93 | 24.15 | 25.99 | 21.10 | 25.11 | 26.55 | 27.58 | 21.71 | 27.73 | 29.54 | 32.39 | 25.13 | 27.69 | 29.20 | 38.02 | 32.96 |
April 27, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 12.00
= 30.41
Days Sales Outstanding (DSO) is a key financial ratio that measures the average number of days a company takes to collect revenue after a sale has been made. A lower DSO indicates that the company is efficient in collecting its accounts receivable, while a higher DSO suggests potential issues with collections or credit policies.
Analyzing the DSO trend of Patterson Companies Inc over the past several quarters, we can observe some fluctuations. In the most recent quarter, ending on April 27, 2024, the DSO stood at 30.41 days, representing an increase from the previous quarter. This suggests that the company took longer to collect its accounts receivable in the most recent period.
Looking back further, we see that the DSO has shown some variability over the past eight quarters, ranging from a low of 21.10 days to a high of 38.02 days. This fluctuation could indicate seasonal patterns, changes in customer payment behaviors, or adjustments in credit terms.
Overall, it is important for Patterson Companies Inc to closely monitor its DSO and strive to maintain a consistent and efficient collection process. A consistent or decreasing trend in DSO over time would be a positive indicator of the company's financial health and effective management of accounts receivable.
Peer comparison
Apr 27, 2024